- Issuer
- Innovator
- Inception Date
- Sep 30, 2024
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
APOC Performance Chart
Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct (APOC) is up 0.1% since the beginning of the year. APOC is currently trading at $26 per share.
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Returns By Period
Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct (APOC) has returned 0.12% so far this year and 3.12% over the past 12 months.
Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.12%
- 6M
- 0.15%
- 1Y
- 3.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
APOC Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2024, APOC's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 81% of months were positive and 19% were negative. The best month was Apr 2026 with a return of +2.2%, while the worst month was Mar 2026 at -3.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, APOC closed higher 58% of trading days. The best single day was Apr 1, 2026 with a return of +1.2%, while the worst single day was Mar 31, 2026 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | -0.04% | -3.07% | 2.15% | 0.48% | 0.08% | 0.12% | ||||||
| 2025 | 0.85% | 0.04% | -2.38% | 0.22% | 0.86% | 0.67% | 0.60% | 0.56% | 0.40% | 0.41% | 0.28% | 0.40% | 2.90% |
| 2024 | 0.00% | 1.11% | -0.10% | 1.01% |
Benchmark Metrics
Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct has an annualized alpha of 0.40%, beta of 0.12, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since October 01, 2024.
- This ETF participated in 28.17% of S&P 500 Index downside but only 16.32% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.45 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.40%
- Beta
- 0.12
- R²
- 0.45
- Upside Capture
- 16.32%
- Downside Capture
- 28.17%
Expense Ratio
APOC has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
APOC ranks 33 for risk / return — below 33% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct (APOC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APOC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.78 | -1.86 |
| Martin ratioReturn relative to average drawdown | 3.92 | 12.44 | -8.52 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct was 4.17%, occurring on Apr 4, 2025. Recovery took 113 trading sessions.
The current Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct drawdown is 0.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -4.17%Apr 2025 | 1mo 13d | 5mo 16d | 6mo 29dFeb 2025 - Sep 2025 |
2026 pullback2026 | -3.40%Mar 2026 | 1mo 3d | — | 3mo 27dFeb 2026 - now |
2026 pullback2026 | -0.68%Feb 2026 | 6d | 20d | 26dJan 2026 - Feb 2026 |
2025 pullback2025 | -0.66%Jan 2025 | 17d | 8d | 25dDec 2024 - Jan 2025 |
2025 pullback2025 | -0.61%Nov 2025 | 16d | 6d | 22dNov 2025 - Nov 2025 |
Drawdown Indicators
| APOC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.17% | -56.78% | +52.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -9.10% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.80% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -10.71% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.03% | -1.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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